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20130416
20130416
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why banks are rolling in dough. but first, bill moller joins us with a taxing hangover. what you need to know about next year's taxes is coming up after the break. not only are there new income tax laws that affect those forms you hopefully filed on time this year, there are new estate tax laws that will affect your estate planning. steven peck is an estate planning attorney. who would worry about this? i thought estate planning was just for the super rich. - almost everyone needs to be worried about estate planning, even if you are not over the tax limit - very few people actually are over the tax limit nowadays with the new exemption of $5.25 million. but, other people could be subject to it in the future. - there are aspects of estate planning that do affect a lot of people. for example, gift taxes. - right. the gift tax exemption was raised to the same level as the estate tax: the same $5.25 million. it was supposed to go down to a million, so this is a good opportunity for people to take advantage of this, because with the new budget proposal, there is a good chance they could lo
ago. finally tonight, just a friendly reminder, it is tax day. a new study from a group called the national taxpayer advocate using confidential tax data for being most likely to fudge on their returns. some of the hot bed areas, los angeles, san francisco, houston, atlanta and washington, d.c. and some of the top small businesses that raise red flags are construction companies, real estate rental firms because they tend to write off so much. so, there's so much going on there, that we have to keep an eye on those tax cheats. >> first, you got to file your taxes. >> and hurry up. you've got until midnight. thanks for watching. >> i'm bill griffin. have a great evening. we'll see you tomorrow.
to buy more than 1,000 u.s. dollars worth of gold you have to provide your income tax number. india say major buyer of gold. it is discouraging unaccounted for money moving into gold. i think with regards to commodities, there's a lot of uncertainty about chinese economic growth. if you look at steel production, cement production, it's barely growing in china. residential construction starts last year were down 11%. so i think there's a fundamental issue with commodities. they probably moved lower. there are assets much more interesting than commodities. >> mark, if this is a situation where as you suspect this is someone got in trouble, what happens to prices from here. >> well, if we go back down again and we have a big increase in margin calls again and then money has to be raised in the equity markets to offset losses in gold, then you're going to go down somewhere under you're going to rely on the margin. and cme released yesterday. >> anybody who says that deflation is once again on the table may have nothing to do with that whatsoever. >> i think you're right. i think someone or
new york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> on budget and on time, rio tinto says it's on track to expand iron ore output to 390 million tons this year under its $90 million project. the company is making good progress in its cost cutting drive, coping with the sharp fall in commodity demand. shares are higher this morning 1.74%. i want to get a thought here from martin hennecke. martin, what do you do with iron ore here despite the declines we've seen across the board for the commodity complex? >> it's a great time to manipulate because it has been monolithic growth on those metals and you see the physical buyers really moving in very strongly, for example, in china ther
director, douglas holtz-eakin. we could be hit with an individual security tax. he will explain when he joins tracy byrnes and adam shapiro the next hour of fox business. don't miss it. [ male announcer ] in your lifetime, you will lose 3 sets of keys 4 cell phones 7 socks and 6 weeks of sleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and protect' helps minimize stress, which may damage supporting teeth, by stabilizing your partial. and 'clean and protect' kills odor-causing bacteria. care for your partial. help protect your natural teeth. care for your partial. if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhal
the internet. and that's sort of a characteristic of a lot of the al-qaeda tax, where they really shoot for media amplification of these kinds of things. >> i guess what i'm asking, i know it's a difficult question, as probably unanswerable at this point. is it possible, in your judgment, from your experience, and your studies, that only one person did this? >> possible, but not so likely. >> mr. lighter, can you answer that one too? >> i'd say absolutely possible. >> absolutely possible. gentlemen, thank you very much. michael lighter, james forest, we appreciate it. and reminder to our viewers, we are monitoring the situation in boston. we'll break in with any significant break-in news throughout the program. but up next, we're going to switch gears a little bit. i say plunging gold is a good signal for the economy. just as it was in the '80s and the '90s. & there is no end of the world scenario out there. but my friend peter schiff disagrees. he's going to make his case ahead. don't forget, folks, free market capitalism always the best path to prosperity. i think that might include a
the last couple of months. >> there are good articles in the papers today about how the tax receipts were better than expected so far, and the money back out for your refund, much lower than expected and that could be a dollar issue. i know family dollar flagged that, and the ceo of pvh came on "mad money" and said, it was 20 degrees too cold so we had the -- all of the stores had the wrong merchandise and they had the so-called cruisewear. it was obviously a multi-factor issue and it was not just one thing that says target was bad. walmart was not bad and a very good note. costco, and i'm -- i thought that was interesting. surrounded by costco and walmart. you know those cultures are not weather cultures. >> yeah. ubs initiates with a buy on those two and a neutral on target, but someone pointed out the sales trend on target, jim, from the past four quarters has gone from 5-3, 2-9, .4 and now they're looking flat. >> they're not a jc penney beneficiary and walmart is not very renewed in its tenacious way to take on target and underneath the dollar generals. i know people don't associate
places in europe, it's contracting. and in the united states, we have a tax code that is not designed to incent investment, which produces jobs and gdp growth, and hopefully we'll change that soon. >> international priority shipping saw a decline in what you charge per package to ship. what does that tell you about the global economy outside of the u.s.? >> well, i think what people are doing with the price of fuel, and this goes to larry fink's remarks a few moments ago, about the prospects for mexico, as it costs more to move goods, off a the price of fuel, they make price service trade downs, so our economy shipping was growing quite nicely. we simply have to adjust capacity and got a little out of phase with that. but it's not by accident that, again, referencing what larry said a couple years ago, we bought a wonderful company in mexico, which is now a big part of the fedex portfolio, because we believe there's be a lot of near shoring and the nafta trades will be quite strong. >> yeah, i am loving this mexico story. you're investing in mexico as well, really interesting. fred, l
. they are more worried about the impact on the economy and payroll taxes january 1. connell: let's bring just jeff and from raymond james. let's follow up on what peter is reporting on and the financial markets both yesterday and today. even without what happened in boston yesterday was setting up to be a remarkable day. stocks were down. gold was selling off. there were further jitters after what happened in the afternoon, obviously. >> it reminded me very much of the hunt silver corner. when it finally, when the fever finally broke on october 7, excuse me, january 7 of 1980, you had a hard move on silver just like you did on gold on friday. they try to hold the markets together. the margin calls went out. people had to start selling their commodity positions. i do not know if they play that way here or not, but it has had a heart attack on the market and heart attack patients do not get right off the gurney and run a 100-yard. connell: if it bounces back up, is it in your view over at this point and the second part, what, if any, to the impacts of the bombing have? >> the bombings in boston
and freddie, and even the mortgage interest tax deduction. the support bases for housing right now seems to be quite artificial, and i think that is why a lot of home builders are afraid to get into this market right now to build more because they are skeptical this is a real recovery. melissa: you are to real estate guys who are not bullish on real estate, how is that? it seems he does not believe in the recovery and the data. >> no, absolutely not. i think there's going to be a significant price increase in housing in the short term. today there may be some momentum created were a lot of momentum created by low interest rate, but when you look historically at the housing market, people need a place to live, even rental properties a lot of them are single-family homes or apartments. at the end of the day, people need a place to go, new household creation is outpacing the supply, so more people looking for a home than there are homes available and nationwide in almost every major metro we are at very low inventory rates so i am bullish. if you want to make money right now, look at single
the latest with the tax out of boston. if three people, including a 8 year-old child, have died. nearly 150 have been injured. a press conference is happening in about 30 minutes from now, which will carry that live for you. >> back here in the bay area, law-enforcement officials are stepping up patrols. if you can expect to see added patrols on bart this morning. >> one bay area resident was injured at the bombing in boston. he is a 12 year-old from martinez. kron4 will tran is a live from the boy's school with an update this morning. >> we will be right back.
Search Results 0 to 10 of about 11